A lot of new investors chase “off-market” deals thinking they’re getting some unfair edge, but the reality is you’ll often spend more time—and ultimately money—trying to land one of these than just going after a solid listed deal.If capital is tight, I’d argue your time may be better spent earning and saving such as a side hustling, working in RE as an agent or assistant so you can eventually participate in more conventional deals.

I’ve spent the last 10+ years working hands-on in new home construction, remodeling, and residential project management.Recently, I launched Roman Property Developments (RPD) with the goal of transitioning into investing—starting with wholesaling off-market deals and eventually growing into new development projects.I know I’ve got a lot to learn on the investing side, but I also believe my construction background gives me a leg up when it comes to evaluating properties, estimating repairs, and seeing the potential in undervalued deals.Looking to connect with other investors, buyers, and pros here in Michigan.

Eventually I would then hold some property in the SDIRA. 

There is enough land on the lot to build an additional set of 4 2 bedroom apartment units eventually so I'd like to look at cashflowing the original investment and then consider refinancing into a bigger build out later to create new apartments (rolling seller financing into it...).   

Eventually, we will work to pay this property off and use a HELOC on it to purchase more properties!

@Bobby Paquette — I think it’s just you, a few tumbleweeds, and a bunch of AI server farms out there right now 🤖🌵But seriously, Abilene’s been making headlines with all the AI infrastructure development, which could eventually bring jobs, housing demand, and rental opportunity.

We are just looking for that one smaller bank that would help us get started but we plan on this being a new venture for our company and eventually raise well over 100M.Just wanted to share that as further background.

Eventually, our cost exceeded ARV, at least at the moment.

That said the issues that are plaguing Airbnb and VRBO are only going to get worse as they continue to grow and will eventually lead to some harsh corrections and losses. 

>> Our preferred strategy: Primary the multifamily for a year to satisfy FHA's primary residence requirement, house hack to offset costs, then eventually rent out the entire property and RETURN full-time to our current apartment (Note - We CAN afford to continue paying rent on our apartment in addition to the residual mortgage costs during that year).The Big Question:Is there any possible way for us to somehow keep the apartment while also meeting the FHA’s primary residence requirement with the multifamily property (still allowing us to keep our current rent-controlled apartment for occasional use during that time and be able to return to that apartment after the required one-year period?)